Spok (NASDAQ:SPOK) Upgraded at B. Riley

Spok (NASDAQ:SPOK - Get Free Report) was upgraded by equities research analysts at B. Riley to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

Separately, StockNews.com raised Spok from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 29th.

Spok Stock Up 0.7 %

NASDAQ SPOK traded up $0.11 on Thursday, hitting $16.62. 42,321 shares of the stock were exchanged, compared to its average volume of 121,914. Spok has a fifty-two week low of $13.55 and a fifty-two week high of $17.96. The company has a 50-day moving average price of $15.81 and a 200-day moving average price of $16.06. The company has a market cap of $339.43 million, a PE ratio of 22.74 and a beta of 0.51.

Spok (NASDAQ:SPOK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $36.29 million during the quarter, compared to the consensus estimate of $34.00 million. As a group, equities research analysts predict that Spok will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Spok

Several institutional investors have recently modified their holdings of the company. CWM LLC grew its holdings in Spok by 309.2% in the first quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock valued at $29,000 after purchasing an additional 1,317 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Spok during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. raised its position in shares of Spok by 62.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 844 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Spok by 12,125.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider's stock valued at $62,000 after buying an additional 3,759 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Spok by 57.8% during the 4th quarter. Legal & General Group Plc now owns 5,546 shares of the Wireless communications provider's stock valued at $89,000 after buying an additional 2,031 shares during the last quarter. Hedge funds and other institutional investors own 50.81% of the company's stock.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.